COFS vs VABK: Correlation
How closely do ChoiceOne Financial Services, Inc. (COFS) and Virginia National Bankshares Corporation (VABK) trade together? Their weekly returns over three years give a correlation of 0.62, which is strong.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are COFS and VABK?
On 3 years of weekly data the COFS/VABK correlation comes out at 0.62, strong. The link has loosened recently: the 1-year correlation (0.44) runs below the 3-year figure (0.62). The 5-year figure is 0.58, and annualized covariance runs at 797.3 %².
By 3-year correlation, VABK places #6 of the 12 assets tracked against COFS. On 12-month performance VABK holds a 5.3-point edge, +10.7% against +16.0%.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
COFS vs VABK: side by side
| COFS (ChoiceOne Financial Services, Inc.) | VABK (Virginia National Bankshares Corporation) | |
|---|---|---|
| 1-year return | +10.7% | +16.0% |
| 5-year return | +66.4% | +50.7% |
| Volatility (ann.) | 36.3% | 35.4% |
| Beta vs S&P 500 | 0.84 | 0.71 |
| Max drawdown (3Y) | -34.9% | -40.9% |
| Market cap | $0.5B | $0.3B |
| P/E (trailing) | 8.8 | 10.1 |
| Dividend yield | 3.43% | 3.10% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | COFS | VABK |
|---|---|---|
| 2022 | +14.4% | +0.3% |
| 2023 | +5.3% | -2.5% |
| 2024 | +26.3% | +15.5% |
| 2025 | -14.0% | +8.2% |
| 2026 | +14.8% | +19.2% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are COFS and VABK good diversifiers for each other?
Only partially. A correlation of 0.62 means COFS and VABK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
FAQ
What is the correlation between COFS and VABK?
Using weekly returns as of 2026-08-27: 0.62 over 3 years, with 0.44 over the last year and 0.58 over 5 years.
Is VABK a good diversifier for COFS?
Only partially. A correlation of 0.62 means COFS and VABK share most of their swings. Pairing them dampens volatility somewhat, but it will not protect against a common drawdown.
What does a correlation of 0.62 mean?
On the −1 to +1 scale, 0.62 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cofs-vs-vabk.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cofs-vs-vabk/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: COFS correlations · VABK correlations
